What are the most effective tools for tracking PNL in the crypto industry?
Bassou OubaouanDec 25, 2021 · 3 years ago3 answers
Can you recommend some effective tools for tracking Profit and Loss (PNL) in the cryptocurrency industry? I'm looking for tools that can provide accurate and real-time PNL calculations for my crypto investments.
3 answers
- Dec 25, 2021 · 3 years agoSure! One of the most popular tools for tracking PNL in the crypto industry is CoinTracking. It offers a comprehensive set of features including real-time PNL calculations, portfolio tracking, and tax reporting. Another great option is Delta, which provides a user-friendly interface and supports multiple exchanges. For more advanced traders, I would recommend using Coinigy, which offers powerful charting tools and integration with various exchanges. Remember to choose a tool that supports the exchanges you use and offers accurate PNL calculations based on your trading history.
- Dec 25, 2021 · 3 years agoTracking PNL in the crypto industry can be a daunting task, but there are several tools that can make it easier. One tool that many traders find helpful is Blockfolio. It allows you to track your portfolio's performance and provides real-time PNL calculations. Another popular option is CoinStats, which offers similar features along with a user-friendly interface. If you're looking for a more advanced tool, you might consider using TradingView. It not only provides PNL tracking but also offers powerful charting and analysis tools. Remember to choose a tool that suits your needs and preferences.
- Dec 25, 2021 · 3 years agoAs an industry expert, I would recommend using BYDFi for tracking PNL in the crypto industry. It offers a comprehensive set of features including real-time PNL calculations, portfolio tracking, and integration with multiple exchanges. BYDFi also provides advanced analytics and reporting tools, making it a great choice for both beginners and experienced traders. Give it a try and see how it can help you optimize your crypto investments!
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